1. Where can a Medical Billing Manager earn the most?
A Medical Billing Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Medical Billing Manager earns the most in San Jose, CA, where the annual salary of a Medical Billing Manager is $126,742.
2. What is the highest pay for Medical Billing Manager?
The highest pay for Medical Billing Manager is $112,762.
3. What is the lowest pay for Medical Billing Manager?
The lowest pay for Medical Billing Manager is $82,114.
4. What are the responsibilities of Medical Billing Manager?
Plans and manages medical billing processes to ensure timely, accurate, and efficient billing operations. Develops policies, procedures, and controls to ensure medical billing operations are compliant with industry standards and regulations. Validates patient billing and insurance information to verify coverage and ensure accurate calculation of charges. Continuously evaluates and optimizes processes to control department costs and adhere to budget. Prepares routine reports to summarize revenue cycles, payments, overdue balances, and other billing metrics for management insight. Remains knowledgeable and compliant with proper medical and insurance claim processes. Needs to be familiar with ICD-10, CPT, and/or HCPCS Coding Systems as well as claim forms such as CMS-1500 and UB-04. May require a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
5. What industry pays the highest salary for Medical Billing Manager?
The Healthcare industry offers the highest average compensation for Medical Billing Manager roles,
with salaries approximately 50% above the market median.
